• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ripple CTO Steps Down, Accepts New Offer – What You Need To Know
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ripple CTO Steps Down, Accepts New Offer – What You Need To Know
Ronaldinho

Brazilian Football Star Ronaldinho No-Show At Crypto Scam Hearing

Christian Encila
by Christian Encila
2 years ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Brazilian football legend Ronaldinho Gaúcho faces the looming possibility of detention as he becomes entangled in a cryptocurrency fraud investigation in his homeland.

Accused of being associated with a pyramid scheme post-retirement, Ronaldinho’s involvement allegedly catalyzed financial losses for scores of investors who were swayed by his iconic status.

Summoned by the Brazilian Chamber of Deputies’ Financial Pyramids Committee, the football star was initially called to testify on August 24. However, adverse weather conditions thwarted his travel plans, prompting the cancellation of flights to Porto Alegre, the hearing’s location.

Related Reading: Arbitrum Continues To Record Losses – Are Holders Getting Discouraged?

Ronaldinho’s Current Legal Woes

This hiccup drew the ire of lawmakers who had issued the summons. The committee has extended another opportunity for Ronaldinho to testify, scheduling a new hearing for August 31.

Should he fail to appear again, lawmakers threaten to seek a court-issued warrant that would empower authorities to forcibly bring him to the committee.

Central to the inquiry are Ronaldinho, his brother Assis, and business partner Marcelo Lara, who were expected to provide testimony before the Parliamentary Commission of Inquiry. Allegations suggest their venture, 18K Ronaldinho, was at the heart of a cryptocurrency scam bearing the hallmarks of a pyramid scheme.

Bitcoin reclaims the $26K territory today. Chart: TradingView.com

Promising substantial daily returns of over 2%, the company allegedly enticed investors to commit a minimum of $30 in cryptocurrency. A lawsuit demanding over $61 million in damages has been levied against the firm for failing to deliver on these promises.

Was Ronaldinho A Mere ‘Ambassador?’

Lawmakers are honing in on whether Ronaldinho authorized the company to leverage his name and image in promotional materials.

His legal representatives contend he was a mere “ambassador” and, like many others, fell victim to the purported fraudulent operation. They assert that his image and name were illicitly exploited to dupe potential investors, without proper authorization.

Após ausência, CPI das Criptomoedas aprova condução coercitiva a Ronaldinho Gaúcho. https://t.co/g9OalFlKSl

— Jornal O Globo (@JornalOGlobo) August 22, 2023

Related Reading: Cardano Will Surpass Bitcoin And Ethereum To Become World’s Biggest Crypto – Charles Hoskinson

Adding to this case, the athlete and his brother faced arrest in Paraguay in 2020 for entering the country with forged passports. This resulted in a more than 170-day stint behind bars. With Assis also implicated in the ongoing cryptocurrency investigation, their collective credibility appears compromised.

While Assis attests that Ronaldinho has been cooperating with investigations into both companies and has already furnished clarifications to the nation’s Public Ministry, legislators remain unconvinced.

Their insistence persists: Ronaldinho must make a personal appearance at a committee hearing to deliver a firsthand statement or make things more difficult for him.

Featured image from Planet Football

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

Best Crypto Presale Alert: Bitcoin Hyper Nears $20M as Whales Buy $365K in 4 Days

Best Crypto Presale Alert: Bitcoin Hyper Nears $20M as Whales Buy $500K in 4 Days

1 hour ago
Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (October 2)

Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (October 2)

1 hour ago
Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (October 2)

Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (October 2)

7 minutes ago
Bitcoin Could Hit $200K This Q4 As Bitcoin Hyper Sets Out to be One of 2025’s Best Altcoins.

Bitcoin Could Hit $200K This Q4 As Bitcoin Hyper Sets Out to be One of 2025’s Best Altcoins

3 hours ago
ChatGPT’s $360 Solana Price Prediction Fuels Best Solana Meme Coins like Snorter Token

ChatGPT’s $360 Solana Price Prediction Fuels Best Solana Meme Coins like Snorter Token

3 hours ago
crypto altseason ethereum eth bitcoin btc solana sol

Crypto Market Reacts as U.S. Government Shutdown Begins, Can the Uptober Rally Survive?

4 hours ago

Premium Sponsors

Press Releases

  • ตัวละคร Snorter ขนฟูโต้คลื่นบนเซิร์ฟบอร์ดสีชมพู

    จับตา Uptober!...

    47 minutes ago
  • Tapzi Delivers Strategy-Based Web3 Gaming, Setting It Up As One of 2025’s Best New Crypto.

    Tapzi Delivers Strategy-Based Web3 Gaming, Setting It Up As...

    6 hours ago
  • най-добрите криптовалути

    Най-добрите криптовалути за...

    1 day ago
  • As the Tapzi Fundraiser Continues to Generate Buzz, Could It Be One of This Year’s Best Crypto Presales?

    As the Tapzi Fundraiser Continues to Generate Buzz, Could...

    1 day ago
  • 距離上線僅剩3周:Snorter代幣ICO融資突破 415...

    2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.